Oklo stock drops 5% after PJM removes Meta-backed Ohio nuclear project from grid queue.

Oklo's stock fell 5% after PJM Interconnection pulled its Meta-backed 750 MW nuclear project from the grid queue, citing application issues. This removal delays the project by at least 14 months and raises development costs, adding to pressure from rising Treasury yields that affect all pre-revenue nuclear developers. Oklo has filed an emergency complaint with FERC to restore its queue position, with a response expected by September 4. The situation highlights risks in nuclear project execution beyond reactor design, impacting investor confidence and stock performance.